Rubix completes acquisition of ERIKS UK & Ireland

ERIKS UK & Ireland is a well-recognised and respected industrial distributor with a specialist flow technology offer, including hoses, valves, sealing and gaskets, as well as associated technical services such as customisation and repair. This complementary acquisition brings together two multi-specialist industrial distributors offering a broad range of products and services, while extending the Rubix offer in flow technology.
 
Commenting on the acquisition, Vince McGurk, CEO Rubix UK, Ireland and Iceland said: “I’m delighted to welcome my new colleagues to Rubix and look forward to working with them as we take an improved and expanded offer to our customers.

“This is a very positive move for the manufacturing sector across the UK and Ireland. In extending our market leading position, we are better placed than ever to help customers solve the problems, meet the challenges and take the opportunities in front of them.”

Pamela Bingham, CEO ERIKS UK & Ireland, added: “This is a great day for both organisations, enhancing our collective ability to meet ever-changing and diverse customer needs.”

As a result of the transaction, Rubix UK, Ireland & Iceland becomes the Group’s second largest regional market with combined annual revenues in excess of €850 million.

In connection with the transaction, Neuberger Berman Private Markets led the acquisition of a minority equity shareholding in the Group.  Additional investors include Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management, and funds managed by BlackRock.

Goldman Sachs International and Rothschild & Co served as financial advisors to Rubix.

rubix.com